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MSME SAKSHAM FOR MSME ENTREPRENEURS

MSME SAKSHAM FOR MSME ENTREPRENEURS

Context

Recently, MSME Saksham, a portal was launched for MSME Entrepreneurs.

Details about MSME Saksham

  • It is launched by Small Industries Development Bank of India (SIDBI) in association with TransUnion CIBIL (Credit Information Bureau (India) Limited or TransUnion CIBIL Ltd).
  • It is a comprehensive financial education and knowledge platform for MSMEs.
  • It will guide MSMEs to seek seamless and quick access to finance.
  • It also supports entrepreneurs towards managing their credit obligations.

About Small Industries Development Bank of India (SIDBI)

  • It was set up in 1990 under an Act of Indian Parliament.
  • It acts as the Principal Financial Institution for Promotion, Financing and Development of the Micro, Small and Medium Enterprise (MSME) sector.

About TransUnion CIBIL

  • It is India’s leading credit information company.
  • It maintains one of the largest repositories of credit information globally.
  • Its mission is to create information solutions that enable businesses to grow and to give consumers faster, cheaper access to credit and other services.

About MSME

Classification

Micro

Small

Medium

Manufacturing Enterprises and Enterprises rendering Services

Investment in Plant and Machinery or Equipment:

Not more than Rs.1 crore and Annual Turnover; not more than Rs. 5 crore

Investment in Plant and Machinery or Equipment:

Not more than Rs.10 crore and Annual Turnover; not more than Rs. 50 crore

Investment in Plant and Machinery or Equipment:

Not more than Rs.50 crore and Annual Turnover; not more than Rs. 250 crore

 

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